3: Adjusting Journal Entries (8 Marks) Sunshine Corp. has a fiscal year end of December 31. Prepare the necessary adjusting journal entries for the company for the December 31, 2019 year end. a. The company has three employees who earn $100, $85 and $75 per day, respectively. They are paid every Friday for a five-day work-week that begins each Monday. This year, December 31, 2019 is a Thursday. b. Property taxes for the 2019 calendar year (January - December) were paid in full in the amount of $24,000 on June 1, 2019. c. On October 1, 2019, a tenant who rents the basement of the building owned by Sunshine Corp. paid $15,000, which represents 8 months' rent in advance. The amount received was credited to the unearned rent revenue account. d. On January 1, 2019 the balance in the Office Supplies account was $1,950. During the year, office supplies costing $3,085 was purchased. On December 31, the Company prepared a physical inventory count of the office supplies and the count revealed that there were supplies worth $870 still on hand